Two leaders in the asset management world will head efforts to define best practices for hedge funds.
Merrill Lynch alumnus Kurt Peterson previously had assets under management of about $177.5 million.
Assets in Asia-based mutual funds—excluding those based in Japan—hit a high of $652 billion in 2006, according to a report from Boston-based Cerulli Associates.
The Vanguard Group yesterday filed with the Securities and Exchange Commission to offer three index funds.
The hedge fund industry has joined with Habitat for Humanity of New York to raise money and help working families achieve home ownership.
Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity.
Morgan Stanley is in talks to purchase a 20% stake in Traxis Partners LP, a hedge fund founded by the company's former chief strategist, Barton Biggs.
Goldman Sachs Group Inc. and Kohlberg Kravis Roberts & Co. have backed out of their $8 billion buyout of audio equipment maker Harman International Industries Inc. of Washington.
Three hedge funds are set to pounce on Northern Rock, the British mortgage lender.
Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.
